Hubei's 6 Billion Construction of China's Largest Cotton Trading Center Will Increase Trade Flow Rate

Recently, it was learned from the Tianmen City Government of Hubei Province that the China (Tianmen) Cotton Trading Center, with a planned total investment of 6 billion yuan, will be located in Tianmen City, Hubei Province. The project is expected to be completed within five years. After completion, approximately 500 million yuan in profits and taxes will be realized each year and it will become the largest cotton trading market in the country.

Zall Holding Signing Tianmen Hubei Tianmen is located in the Yangtze River Basin cotton area, one of the three major cotton producing areas in China. It is an important commodity cotton base in the country. On the afternoon of the 8th, Tianmen City Government and Zall Holding Co., Ltd. held a signing ceremony for the project at Royal Garden Hotel. The Zall Corporation will invest 6 billion yuan to build the China (Tianmen) Cotton Exchange Center in Tianmen City. Tianmen Mayor Ke Jun signed a contract with Zhai Zhi, chairman and president of Zall Holdings Limited.

In addition to cotton as the main industry, there will also be a market for various products such as wool, linen, various fabrics, various textile accessories, textile machinery and parts and components. The first phase of the project is planned to start in the middle of this year and it is expected to open by the end of next year.

It is understood that Tianmen City in Hubei Province has been producing over 1 million lamellas for 13 consecutive years. The output is 1/80 of that of the country, and it is also the export base for high quality cotton in China. Zhang Tianguo, director of the Tianmen City Party Committee and the Municipal Standing Committee, introduced that Tianmen is known as the “cotton town” and is a national high-quality cotton production base. The quality of cotton is good and the output is high. The history of cotton production has exceeded 13 million for 13 times. Two national cotton production workshops.

It is always the dream of millions of people to become stronger and expand the cotton industry and the textile industry. He pointed out that the construction of the China (Tianmen) Cotton Exchange Center is of great significance to the development of Tianmen’s cotton industry and textile industry, and to boosting the rapid economic development of Tianmen. The city must always adhere to the concept of “industry first, entrepreneur first”. It has always been committed to creating a more relaxed and harmonious investment environment, providing quality services for project construction, ensuring that the project will be started as soon as possible and completed and used as soon as possible.

Zall Holdings Co., Ltd. is a well-known public property provider and service provider in China. Its business covers textiles, media, investment, real estate and many other aspects. It has invested in Hubei Hubei Zall Dragon Textile Co., Ltd., Hubei Zall Yulong Textile Co., Ltd. Company and Hubei Xuelong Textile Co., Ltd. In addition, Zall Holdings and its subordinate enterprise groups have also established large-scale commercial projects such as “Hankou North International Commodity Trading Center”, “Wuhan Living Room”, “First Corporate Community”, and headquarters office projects.

Hubei's cotton industry is faced with difficulties in production, purchase and sale. Hubei is located in the middle and lower reaches of the Yangtze River, and is the main cotton production area in central China. The average annual output has accounted for 7% of the country's total output, followed by Xinjiang, Shandong, Henan, and Hebei, ranking fifth. Since the 2010 cotton market in Hubei, the prices of cotton, cotton, cotton, and spot cotton have all rushed upward. This has driven the purchase price of seed cotton to continue to climb. The cost of textile cotton has continued to increase. The purchase and sales situation has been extremely complicated, and the industrial risk chain has been stretched. Tightly, the market is watching a lot of emotions.

The purchase price continues to rise, and the risk of cotton processing companies increases. Seed cotton acquisitions have opened higher and higher, with strong gains. The province's average purchase price has exceeded 5 yuan/kg, an increase of 67% year-on-year. After the listing of Xinmian, the acquisition cost price has always been ahead of the ** contract price, and the spot price of cotton has risen ahead of the ** price, which is higher than the forward contract price. The cotton acquisition and processing enterprises cannot implement the ** hedging, and at the same time, they are imported cotton. The bearish influence of Hong Kong, the country throwing storage, and the bearing capacity of textile enterprises, cotton acquisition and processing enterprises are in the forefront of prices, are very worried about the outlook, business decisions are in a dilemma, lack of interest in fear of missing the season, overpay and fear of buying and selling prices upside down.

The cotton farmers were actively involved in the sale, and high-priced income was run on by cotton traders. Farmers are basically accepting the current seed cotton purchase price. Most farmers believe that the purchase price has reached 4.8 yuan/kg. This is very impressive, and this year's acquisition conditions are very loose, so the attitude of the sale is positive, there is no stockpile for sale, some cotton brokers hold The gambling is upswing and slightly hoarding.

The competitive environment is deteriorating, and competition for acquisitions has caused quality to decline. The annual cotton resources in Hubei Province are nearly 450,000 tons, which is far from meeting the production needs of more than 130 400- and 600-200-type enterprises and many small factories in the province. In addition, the acquisition of inter-provincial cotton dealers in recent years has made it A large number of seed cotton outflows in the province, resulting in a growing trend of seed cotton buying. The unlicensed cotton traders were unusually active. They went to townships and went into the fields. The cottonseeds that had just been picked by the cotton farmers became popular, and even more so, the green cotton seeds and cotton were allocated. The water content was as high as 30 to 40 points, which seriously exceeded the national regulations. The moisture regain rate is controlled at 10.5% of the standard. Some small plants do not grade, do not recognize the moisture, do not pick the three wire, during the day to buy, processing at night, the next day sales, return the funds, recycling acquisition, even worse is the recovery of cotton and short fiber all mixed lint, after processing Only cotton bales and cottonseeds remain. Many 400-type manufacturers have no alternative but to relax the water standard. Within 15 o'clock, cotton is a normal standard. Enterprises with individual management standards will adjust the 10-point moisture standard to less than 13 points. This year, ultra-hydro cotton is extremely common.

The gap widened and the price of cotton rose. The textile company decided to hold the group for the winter. The enterprises above designated size in Hubei province have about 10 million spindles of textile spindles, and the annual amount of cotton used is about 1 million tons. The annual output of the province is only about 450,000 tons, and the annual gap is more than 50%. This year the province's textile industry has developed rapidly. The increase in demand for cotton is expected to reach 1.2 million tons for textile use, and the gap between supply and demand will exceed 60%. Relying on exports and domestic demand, the textile industry has gradually shaken off the financial crisis and the situation has clearly improved. However, after entering 2010, due to the continuous appreciation of the ***, the increase in labor costs, especially the continuous rise in the cost of raw materials such as cotton, a good situation is difficult to maintain. Textile mills generally reflect the price of cotton that can withstand 23,000 yuan/ton. In the face of the current skyrocketing cotton prices, some textile mills have decided to switch to alternatives such as chemical fiber, and some have taken steps to reduce production and orders, and even shut down production. To prevent losses.

The new market will increase the trading flow rate According to reports, the China (Tianmen) Cotton Exchange Center project consists of two parts of the park. The first part is a trading park with cotton trading, processing, warehousing and logistics as the core, and the second part is cooperation with the center construction finance, business services and other supporting systems.

The first phase of the project is scheduled to start mid-year and will be operational by December 2012.

After the project is completed, it can fully integrate the upstream and downstream enterprises of the cotton industry chain, further increase China's cotton industry trading volume, improve China's cotton reserve capacity, improve the cotton trading circulation rate, and create "planting - logistics - textile" coverage of the whole industry chain The cotton industry cluster will form a trading market where cotton is the main product, wool, linen and textile fabrics, accessories and other products will be symbiotic, and will gather 50% of the national cotton spot and related product transactions. It can also promote the development of the agricultural product trade industry, standardize market management, promote employment, and promote regional economic development.

After the completion of the China (Tianmen) Cotton Exchange Center, it will become the largest cotton trading market in the country and promote the circulation of the cotton market. With the gradual development of China's cotton economy, the important role of cotton circulation will also be reflected in the cotton consumption through the circulation of production, rather than the production of cotton to determine the circulation. This will depend on the faster and better development of the cotton market, the establishment of more closely linked cotton production, circulation and consumption, and the modernization of the cotton circulation industry. From this development point of view, the status and role of cotton circulation in the cotton industry will become more prominent.

In recent years, the comprehensive transportation of expressways, railways, and waterways in the country has developed rapidly, forming a transportation network linking north and south and linking east and west. Its unique location advantage makes Tianmen a midline logistics hub for the “Northern Cotton South Spinning” industrial pattern. To undertake the new process of cotton textile industry transfer and upgrade.

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